@purp you can use as much of your limit as you can afford. Just pay it down to MAX 2% utilization 2 /3 days before the STATEMENT (or closing) date. Ex: $1000 CL, due date 15th, statement date 13th. Spent $900. Pay $880 on the 11th.
@@BrooklynCashmere How do I get my utilization to 1% my statement close period end on the 4th of every month and resumes on the 5th. But my payment due date is the 1st of every month. My limit is $200, so if I leave $4 on the statement date it won’t be considered “late payment”?
This is one of the most insightful videos on credit management that I've seen. I follow quite a few people on UA-cam that teach credit building but I've never seen any of them teach on managing the FICO score. Thank you 👏👏
Kevo - may I suggest you make *PRO CYBER FLIP* correlating this to the Chinese Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare
Thank you for the detailed overview. Credit scores and credit models always seem to have a cloud of mystery over them. I'm happy to hear you giving clear, concise information. Thank you.
Excellent! This is the #1st time I'm seeing this information. Over the years I've heard bits & pieces of this info but this is the first I'm seeing it in this total form. Much appreciated!
Everyone always only talk about the credit score. But the greater issue is understanding one’s debt-to-income ratio. Where does one need to be to turn things around.
Suggestion, could you create playlists for your content to group up similar videos, e.g. credit unions, high credit limits, etc. It would help narrow down some of my research on your channel. This is really great stuff man appreciate what your doing.
Wow i didnt know by keeping $1 balance on my card helped my credit. All this time I'm always keeping ti to 0. Those ten points would have been a huge help. Thanks for this.
If i leave a 98 dollar balance each mth on one of my cards, that'll be 3.8% utilization revolving I'm in the green to get them 65 points... I'ma try it this mths see how it goes
Hi there, I just came across this video...I have 24 accounts and my average age is 3 years, no derogatory accounts, 1 inquiry and 100% on time payment history...
So if I have 5 negatives on my account how many positives will I need to to offset those until I can officially dispute and have them potentially removed?
What if you have a Transunion score and a Equifax score but your Experain says you don't have enough history to generate a fico 8 score I started this journey 2 months ago please give me some advice! Great video 👊
Under the outstanding debt category are you saying that we should NOT pay the card before the bill is due, and once the bill is due it's ok to pay it off and charge it again? Or are you saying like... keep a revolving balance like $50 and pay the minimum??
Now my credit score makes sense. I have credit scores 740 to 799 and got turned down for a limit raise. Yet I just got a $20,000 personal loan. So you can see why I was confused 😕. But with your breakdown, I see i don't have a long enough history and my inquiries are starting to add up. Thanks for the info.
credit history has more points than the number of trades lines, so the focus should be on credit history credit? also less then 4+ trade lines means more points correct?
Slavery never died, the new form is debt! America does love it's debt slaves. Especially, since the dollar is not backed by anything, and depends on you believing its worth something.
So if I have one credit card is it worth it to leave a balance of $1-99 on it per month and pay that small interest or maybe late fee to further higher my credit ??
Surprised no one has asked this. Under credit mix it give 50 points for 2, 60 points for 3, then goes back down to 50 points for anything 4 and above. Does that mean that 3 credit cards give you the perfect mix? The previous slide said 21 accounts was Excellent so I wondering if you know what's going on there? Good video BTW.
Also, 75+65+75+70+60=345 so your maximum score seems to be 645 !!! (345+300) Where are the other 205 points? Sloppy accounting for the 'Moses of Credit'.
How can u build up your fico score for the mortgage is it threw having installment account or it don’t matter relvolving or installment. I notice on the fico there is different score for each category
Contact Crown Credit pro for credit repair! crowncreditpro.com/ Use affiliate code : 493948942 call 1-833-276-9645 extension 2 to speak with representative
@@GirlSix180 When opting out these secondary credit bureaus/agencies you make it harder for (Experian, TransUnion, and Equifax) to verify your personal information that is housed with these agencies. These agencies house information on you if you have a bankruptcy, collections, evictions, repos, inquiries and other derogatory information that is attached to you. This is one of many strategies that is taken in beginning stages of the repair process for your credit report.
@@martelgaines1068 great explanation. I’ve been building and repairing my credit myself for a year, and made massive progress, but recently learned about secondary reporting agencies. I’ve helped people raise their Fico scores tremendously from the information I’ve learned, but I’m not an expert, and I’m still learning.
Finally! Someone that gave some easy to understand knowledge about the FICO score. Visual clearly explained thank you!
My score jumped 20 points when my utilization went from 0% to 2% 😳. Thanks for such a detailed explanation 🙌🏾🙌🏾
Can you please help me luv I don't understand any of this 🥺🙏🏾🙏🏾 I'll pay you ??
@@akia8165 Sure whats your question? Im not an expert but I dont mind sharing whats worked for me 😊
@@BrooklynCashmere how do you go about paying it, do you use around 10% on your credit card and pay the minimum balance then wait till the pay date?
@purp you can use as much of your limit as you can afford. Just pay it down to MAX 2% utilization 2 /3 days before the STATEMENT (or closing) date. Ex: $1000 CL, due date 15th, statement date 13th. Spent $900. Pay $880 on the 11th.
@@BrooklynCashmere How do I get my utilization to 1% my statement close period end on the 4th of every month and resumes on the 5th. But my payment due date is the 1st of every month. My limit is $200, so if I leave $4 on the statement date it won’t be considered “late payment”?
i appreciate seeing a black man teaching about credit. very inspiring 👍🏾
why why why do u need to bring up race??? wtf stop it
@@robertwalsh434 because i can. smd
Race doesn’t matter bro.
He’s knowledgable and presents it well, so that’s good enough for me 👍
@@toothybj cool. i said what i said, shouldn’t bother you. smd anyways though.
@@leeadegunle8871 🏆
This is one of the most insightful videos on credit management that I've seen. I follow quite a few people on UA-cam that teach credit building but I've never seen any of them teach on managing the FICO score. Thank you 👏👏
I agree
Damn.. didn’t realize there were so many FICOs, almost sounded like Shrimp Bubba 😅
Kevo - may I suggest you make *PRO CYBER FLIP* correlating this to the Chinese Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare
🖕China!
Here we go "pulls out note pad"
Inquiries ARE EXTREMELY IMPORTANT, some lenders will deny you with an 8 plus score.. Super Facts
This why this credit rating system broken. 32 different ficos. What a nonsensical ecosystem!
The system is a mess and it's created to screw you somehow it seems.
Yeah it’s so confusing. It’s like they want you to pay all your debts and who got time for that?
Thank you for the detailed overview. Credit scores and credit models always seem to have a cloud of mystery over them. I'm happy to hear you giving clear, concise information. Thank you.
Dope how you jump into the details of what makes the score do wha it does.. keep doing you man you fill a NEED
Awesome video and great delivery! That is the clearest explanation that I have ever seen. I appreciate you and you just helped me in my journey!
Excellent! This is the #1st time I'm seeing this information. Over the years I've heard bits & pieces of this info but this is the first I'm seeing it in this total form.
Much appreciated!
This has been the single most helpful information on credit scoring ever on UA-cam! Thank you!
So glad!
about to spend the week and go through all this man videos
Man you are a God send!! This is what I needed to hear!! God bless you!!
@@jeffersonmarquez9437 a week? Wow that's phenomenal!! Definitely going to make this happen!! Thanks
Everyone always only talk about the credit score. But the greater issue is understanding one’s debt-to-income ratio. Where does one need to be to turn things around.
Love your explanations. Love your videos. I’m a fan!!!
Amazing content, thanks for sharing and you're the best!
Excellent Should be in every home and public curriculum
Great information CP...this is information everyone should screen shot save and print memorize and share.
Really appreciate you sharing this. Great video. Great presentation. To the point and effective.
It was very helpful. It helps to guide you on your credit journey so you can make strategic decisions!
Wow!!! I really enjoyed this video. I’d love to see a video from you on how to obtain trade lines?
great video and greater info. great job!! thank you
Thank you....This is very helpful....Thanks again !
Suggestion, could you create playlists for your content to group up similar videos, e.g. credit unions, high credit limits, etc. It would help narrow down some of my research on your channel. This is really great stuff man appreciate what your doing.
That's a great idea!
nice job explaining thanks
Thanks for video really help out a lot.
The Moses of Credit
Salute!
📖 🔌 😂
Wow i didnt know by keeping $1 balance on my card helped my credit. All this time I'm always keeping ti to 0. Those ten points would have been a huge help. Thanks for this.
Great info. Thx for all you do
This is a great video👍🏾
Very helpful, thanks 😊
Very Informative!
Questions, is crown credit pro able to take a loan modification off your credit profile?
And that's how you EXPLAIN it.
You are by far the best!
Great information. Much appreciated! 🙏
Glad it was helpful!
Excellent info! Thank you. Which credit monitoring system do you recommend?
MyFICO
If i leave a 98 dollar balance each mth on one of my cards, that'll be 3.8% utilization revolving I'm in the green to get them 65 points... I'ma try it this mths see how it goes
Do you work with Crown Credit pro?
Do you recommend self?
Where can I get a copy of that FICO SCORE BOARD?
Hi there, I just came across this video...I have 24 accounts and my average age is 3 years, no derogatory accounts, 1 inquiry and 100% on time payment history...
Great explanation Plug
Has anyone used Crown Credit Pro credit repair services before? If so, do you mind sharing your experience?
Subscribing just because the comments aren’t spammed with nonsense!
GREAT CREDIT CLIFF NOTES!!! I love the table break down!
So if I have 5 negatives on my account how many positives will I need to to offset those until I can officially dispute and have them potentially removed?
Positive accounts don’t offset negative accounts.
Phenomenal video!
Thanks that was very helpful.
Glad to hear it!
Powerful.. My favorite video
Where’d you find this chart?
This was great!
Do anyone know how to get broken rental lease removed? It’s really holding me back and each month their adding interest.
what about the Autos' & Mortgage loans? I don't see them on your scorecard
Good video💯👍
This was super helpful!! How/where do Charge Offs/Collections & Bankruptcies fall in this last chart?
Awesome Info , Thank you
How do you raise your mortgage fico
What if you have a Transunion score and a Equifax score but your Experain says you don't have enough history to generate a fico 8 score I started this journey 2 months ago please give me some advice! Great video 👊
Extremely helpful
First thumb up, good info. Thanks
Very very useful information, thanks Bro!
Glad it was helpful!
Under the outstanding debt category are you saying that we should NOT pay the card before the bill is due, and once the bill is due it's ok to pay it off and charge it again? Or are you saying like... keep a revolving balance like $50 and pay the minimum??
Thank you.
very helpful info
Again...how can you not get inquiries if your applying...?
Thank you subbed.
Is it good if for example I spent $300 in this month, and pay the total ($300) next month at the day I have to make the payment?
Can you do one on Kovo credit builder $10 a month? Nobody has a video on it yet.
Hello, I have 11 inquiries on my credit did know where the came from not sure what to do😢
Phenomenal video!!!!!!!!!!!!!!!!!
Great video
Now my credit score makes sense. I have credit scores 740 to 799 and got turned down for a limit raise. Yet I just got a $20,000 personal loan. So you can see why I was confused 😕. But with your breakdown, I see i don't have a long enough history and my inquiries are starting to add up. Thanks for the info.
I’m subscribed to myfico so I get all my credit scores.
Black man! From the beginning of Time Master Teachers!!!!!
credit history has more points than the number of trades lines, so the focus should be on credit history credit? also less then 4+ trade lines means more points correct?
3 tradelines all you need
Thanks for the Info Sir
No worries
Why would my credit score go up if I close my oldest account? I’ve heard that it’s not good to close any account.
Slavery never died, the new form is debt! America does love it's debt slaves. Especially, since the dollar is not backed by anything, and depends on you believing its worth something.
Always amazing...
7:04 “we recommend gardening”.... what does gardening mean? Thanks 😊
Gardening means waiting no inquiries no nothing until your credit score goes up and then you can apply for shit
@@user-ep7el6vt7o you know planting some cucumbers, green onions, and bell peppers in your backyard , not a big deal.
Good day do you have a link for scoreiq?
So if I have one credit card is it worth it to leave a balance of $1-99 on it per month and pay that small interest or maybe late fee to further higher my credit ??
leave 2 $ and pay the interest every month and stack those extra points.
Surprised no one has asked this. Under credit mix it give 50 points for 2, 60 points for 3, then goes back down to 50 points for anything 4 and above. Does that mean that 3 credit cards give you the perfect mix? The previous slide said 21 accounts was Excellent so I wondering if you know what's going on there? Good video BTW.
Also, 75+65+75+70+60=345 so your maximum score seems to be 645 !!! (345+300)
Where are the other 205 points?
Sloppy accounting for the 'Moses of Credit'.
I think he talking about the mix of accounts,but I thought the same thing.
So is vantage score lower than fico
How do I maximize my credit score when my credit age is short due to only being 21
How can u build up your fico score for the mortgage is it threw having installment account or it don’t matter relvolving or installment. I notice on the fico there is different score for each category
you need installment type of accounts to build the mortgage scores. FICO 5, 4, AND 2 weigh installment payment history more heavily.
This true about Credit Karma not reliable for credit scores.
Ive been watching alot of videos about credit lately. This was one of the most informative ones I have seen. Nice Job.
What’s a good credit card to start my FICO credit building
Discover it Secured card
Can I get the link to removing inquiries and charge off collections
Contact Crown Credit pro for credit repair! crowncreditpro.com/
Use affiliate code : 493948942
call 1-833-276-9645 extension 2 to speak with representative
not all heroes wear capes!
Credit Karma says my score is 689…I applied for a bank loan and my score is 747…😀 I got the loan just based on my score!
Just opted out of Lexisnexis,innovis and sagestream. Are there any others you might suggest ?
CoreLogic is another one
@@martelgaines1068 thanks. About to study it now.
Can you explain why you opted out?
@@GirlSix180 When opting out these secondary credit bureaus/agencies you make it harder for (Experian, TransUnion, and Equifax) to verify your personal information that is housed with these agencies. These agencies house information on you if you have a bankruptcy, collections, evictions, repos, inquiries and other derogatory information that is attached to you. This is one of many strategies that is taken in beginning stages of the repair process for your credit report.
@@martelgaines1068 great explanation. I’ve been building and repairing my credit myself for a year, and made massive progress, but recently learned about secondary reporting agencies. I’ve helped people raise their Fico scores tremendously from the information I’ve learned, but I’m not an expert, and I’m still learning.
teaching wealth 🔥
My Fico 8 is within a few points of my vantage
Credit plug get em!!!